ClearBridge Energy MLP Total Return Fund Inc. Announces Unaudited Balance Sheet Information as of December 31, 2016
January 09 2017 - 8:00AM
Business Wire
ClearBridge Energy MLP Total Return Fund Inc. (NYSE:CTR)
announced today the unaudited statement of assets and liabilities,
the net asset value and asset coverage ratio of the Fund as of
December 31, 2016.
As of December 31, 2016, the Fund’s net assets were $554.5
million, and its net asset value per share was $14.44. The Fund’s
asset coverage ratio under the Investment Company Act of 1940 (the
“1940 Act”) with respect to senior indebtedness was 412% and the
Fund’s asset coverage ratio under the 1940 Act with respect to
total leverage was 383%.
As of December 31, 2016 Amount
(millions) Per Share Investments $ 777.5
$ 20.25 Cash and Cash Equivalents 3.3 $ 0.09 Other Assets 1.3 $
0.02 Total Assets $ 782.1 $ 20.36 Senior Notes* $ 142.0 $
3.70 Loans Outstanding* 40.0 1.04 Mandatory Redeemable Preferred
Shares* 14.0 0.36 Total Leverage $ 196.0 $ 5.10 Deferred Tax
Liability $ 29.7 $ 0.77 Other Liabilities 1.9 0.05 Total
Liabilities $ 31.6 $ 0.82 Net Assets $ 554.5 $ 14.44
Outstanding Shares 38,400,142 * The Fund's asset
coverage ratio under the 1940 Act with respect to senior
indebtedness was 412%. * The Fund's asset coverage ratio under the
1940 Act with respect to total leverage was 383%. Top Ten
Holdings (as of December 31, 2016)** Market Value Name
(millions) % of Investments *** Enterprise Products Partners
LP $ 62.3 8.0% Energy Transfer Partners LP 45.2
5.8%
Targa Resources Corp 45.1 5.8% Magellan Midstream Partners LP 43.7
5.6% Buckeye Partners LP 40.2 5.2% Genesis Energy LP 39.6 5.1%
Brookfield Infrastructure Partners LP 34.0 4.3% Oneok Partners LP
32.5 4.1% Enbridge Energy Partners LP 32.1 4.1% Williams Partners
LP 26.1 3.4% $ 400.8 51.4% **Subject to change at any time
***Percent of Total Investments
ClearBridge Energy MLP Total Return Fund Inc. is a
non-diversified, closed-end management investment company which is
advised by Legg Mason Partners Fund Advisor, LLC (“LMPFA”) and
subadvised by ClearBridge Investments, LLC (“ClearBridge”). LMPFA
and ClearBridge are wholly owned subsidiaries of Legg Mason, Inc.
(“Legg Mason”).
This financial data is unaudited.
The Fund files its semi-annual and annual
reports with the Securities and Exchange Commission, as well as its
complete schedule of portfolio holdings for the first and third
quarters of each fiscal year on Form N-Q. These reports are available on the Commission’s website
at www.sec.gov. To obtain information on Form N-Q or a semi-annual or
annual report from the Fund, shareholders can call
1-888-777-0102.
For more information about the Fund, please call 1-888-777-0102
or consult the Fund’s website at www.lmcef.com. Hard copies of the
Fund’s complete audited financial statements are available free of
charge upon request.
Data and commentary provided in this press release are for
informational purposes only. Legg Mason and its affiliates do not
engage in selling shares of the Fund.
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version on businesswire.com: http://www.businesswire.com/news/home/20170109005210/en/
Legg Mason, Inc.Maria Rosati,
212-805-6036mrosati@leggmason.com
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